WHAT IS A CORPORATION?

[Reef Pilot]

Originally Posted by reefermadness

I watched the first part and I have to say it was really good. I like the idea of getting rid of the fractional reserve and central banking systems.

While "printing money" to provide liquidity is necessary at times, we are now in uncharted territory with what the US fed is doing with their endless QE. It was originally intended to stimulate the economy (using the theory that a rising tide will float all boats). But now the current US govt is totally dependent on it to finance their over spending. And any hint to slow down QE (as with the recent taper talks), causes fears of another economic slowdown. So now they are living on monetary heroin, and can't get off it.

Not sure where it will end either. They seem to be unable to cut back spending, but at some point the debt will overrun their ability to pay their obligations, ie default. And when China realizes that, they will stop buying US treasury bonds.

Then interest rates will spike, along with inflation, and the economy will really plummet (and not just a short term cold turkey withdrawal).

That is a possible scenario. We are definitely in uncharted territory now, with US govt spending/debt, and QE. And corporations who created the real money for the govts to spend in the past, aren't growing fast enough (top lines, which create the jobs) anymore to keep up. And eventually their bottom lines will suffer, too.

So, you zombie apocalypse guys might be right after all... I'm just glad that I live in Canada,... but we are not immune either.